OTTAWA, June 23, 2021 - Senator Céline Hervieux-Payette tabled Bill S-203 to modernize the composition of boards of directors of certain corporations, financial institutions and parent Crown corporations, and in particular to ensure balanced representation of women and men on those boards. (more…)
Post under ‘Boards of Directors’ tag
Harper`s conservatives are against women`s equality
3 February 2021 at 20h18OTTAWA, February 3, 2021 – Senators Conservatives kill Bill S-206, An Act to establish gender parity on the board of directors of certain corporations, financial institutions and parent Crown corporations.
Senator Hervieux-Payette denounces the Conservatives’ refusal to give women the right to be equally represented on boards of directors.
“The Conservatives have a particularly regressive view of women in our society. In this case, they absolutely do not believe they are entitled to equal representation with men on boards of directors of our companies, “said Senator Hervieux-Payette.
Numerous studies and witnesses who testified before the Senate Standing Committee on Banking, Trade and Commerce on Bill S-206 demonstrated that greater diversity in boards of directors leads to greater economic performance.
“The Conservatives are unable to put aside their medieval reformist ideology even when it comes to improving the effectiveness of our businesses in the aftermath of a major economic crisis. How can we still think they are good managers when they do not want to reform boards that were one of the culprits behind one of the biggest economic crises in modern history? “continued the Senator.
Conservative senators killed Bill S-206 by refusing to vote clause by clause and demanding that the proceedings be in-camera.
“The Conservatives have once again shown their contempt for our democratic institutions and their lack of transparency by voting for in-camera discussions to finally refuse to vote on my bill. A situation the Harper Conservatives never cease to reproduce. It is shameful for our democracy, “concluded Senator Hervieux-Payette.
The Liberal Party of Canada believes that the strength of Canadian society is dependent on the full participation of women in our economy, our government and all the country’s decision-making processes.
Nicolas G. Hayek, founder of Swatch, condemns the dominance of the “acrobats and jugglers in the financial circus”.
15 July 2021 at 14h06“Final example: the guy who proposed that I buy into a company that was very expensive and active mainly in textiles, while I’m a watchmaker. “That doesn’t matter,” he told me, “we’ll start some rumours in the market that will make the share value fall, and as for the textiles, we’ll look after that part.” All this illustrates the really deplorable mindset of some market professionals. And the worst thing is, thinking that a publically-traded company should be managed with this mindset”. - Nicolas G. Hayek.